Li Yaoyang’s Afternoon Bitcoin Outlook on 5.11

Good afternoon, friends! Bitcoin surged in the morning, topping at 82448, then faced pressure and fell sharply all the way back. Currently, it’s around 80770.
Although the chart looks like it may be seeing a small stop-the-bleeding rebound, there is heavy resistance overhead. Blindly chasing longs is extremely risky, and the overall structure dominated by the bears has not changed.

In terms of trading:

For the rebound, short in batches in the 81650-82150 range. It’s better to short on the pressured pullback. The first target is 80700-80300.
If the bearish strength continues and the previous low at 80200 is broken, then we can further look at the 79800-79300 range.

If the market strongly rebounds later and holds steady above 81500, and there is no obvious “pressure then turning into a headlong drop” signal, then follow the trend to further pursue a short.$BTC #Polymarket每日热点